Many borrowers will pay more attention to the loan interest rate before applying for a loan. After all, high interest rate means high interest rate, and low interest rate means low interest rate. Many users choose to go to the bank to apply for low-interest loans. How much of the loan interest of 202 1 is not protected by law? Not if it exceeds this percentage!
How much of the loan interest of 202 1 is not protected by law?
According to relevant laws and regulations, the loan interest rate of any lending institution shall not exceed 36% of the LPR interest rate issued by the central bank. If it exceeds 36%, the excess interest is not protected by law. 202 1 the interest rate of the central bank's one-year loan is the five-year interest rate. According to the calculation, the one-year loan interest rate of 202 1 lending institution is legal if it does not exceed, and it will not be protected by law if it exceeds. 202 1 Lender's five-year loan interest rate is legal if it does not exceed, and it will not be protected by law if it exceeds.
Although the interest rate of private lending has always been clearly stipulated by law, lending still occurs every day in the market. If the borrower applies for a loan on some loan software and cannot repay it after maturity, he can first find out the detailed figures such as the principal and interest he borrowed, and then check whether the interest exceeds the prescribed amount.
If it exceeds the requirements, then this part of the interest does not need to be repaid. After the debtor makes a clear calculation, he can negotiate with the lending institution, indicating that he is really unable to repay the loan, and ask whether he can postpone the repayment. If the amount owed by the lender has exceeded the personal repayment ability, it can also be settled through consultation.
The above is the related content sharing of "202 1 How much interest is not protected by law". I hope I can help you!
What is the maximum loan interest stipulated by the state?
The state stipulates that the maximum interest rate of private lending is four times the benchmark interest rate of banks, depending on the specific loan period. For example, if your loan is a one-year loan and the benchmark interest rate of the People's Bank of China is 6%, then the interest rate of private lending cannot exceed 24%, otherwise it will be illegal.
7% interest of 500,000 = 5,000,007% = 35,000 yuan, which is one year's interest.
The highest interest rate of personal loans mainly depends on two aspects. The first is what kind of loan the bank you choose has, and the second is the value of your collateral (pledge).
At this stage, all banks are controlling loans because the country has raised the reserve ratio. If you want to make personal consumption loans, it is estimated that few banks can do it, and even if you do, the interest rate is relatively high.
As for the value of collateral, if you are a real estate mortgage, the general procedure is to find an appraisal company to issue an appraisal report first, and then multiply your appraisal price by a certain proportion to calculate your loan amount.